Blackbook project: Role of DHFL Home Loan Financial Institutions on providing housing loans to middle income groups in Mumbai.
About DHFL
DHFL (Dewan Housing Finance Corporation Limited) is a leading housing finance institution in India. They offer a range of loans that consumers can avail for home purchase, plot purchase, home construction, home renovation and home extensions. DHFL is also a partner to the central government under the Pradhan Mantri Awas Yojna (PMAY Scheme), which can provide further savings if the applicant fulfill the eligibility criteria.
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About the Project
Every human-being desires to own his/her own house at some point in life. And almost everyone takes a home loan to arrange the necessary funds to buy a house. This is where financial institutions play an important role.
During the past few years, the middle-income segment has emerged as the bigger buyers of houses, thus boosting the home loan industry. Even though the Indian housing sector is suffering from the impact of the global crisis, there is still a huge demand for housing loans from middle-income groups.
The important variables that influence the selection of a loan are age, income, savings, existing debts, interest rates, tenure, convenience, and other commitments regarding expenditures of an individual.
The research questions were centered around decisions that drive the need for a home loan, attributes that influence the selection of loan providers, knowledge about financial institutions. A hypothesis is used to test the independence of attributes viz., tax benefits, low-interest rate.
References
- https://www.dhfl.com/about-us
- https://www.scribd.com/doc/58518204/A-Study-on-Role-of-Financial-Institutions-in-Providing-Housing-Loans-to-Middle-Income-Group-in-Bangalore-City
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